After reviewing more than 100 submissions, in spring 2013 the RGRC Judging Panel selected qualified applicants to move forward through the initial phase of CBRE’s Real Green Research Challenge. Of these, CBRE has awarded RGRC funding and organizational support to sustainability projects developed by the National Resources Defense Council, Stanford University, EURO Institute of Real Estate Management, Cleveland State University and Central Michigan University, and Maastricht University.
- Rating system for comparative tenant energy use that provides a quantitative foundation for identifying and promoting energy efficient practices
- Detailed empirical evaluation of EPA ENERGY STAR® energy management strategies allowing facilities and property managers to prioritize energy efficiency projects
- Comprehensive economic analysis of the value implications of green building practices on large institutional real estate portfolios
- New industry-wide, regionally sensitive, green building scoring protocol system to inform U.S. office tenants’ leasing decisions and developers’ sustainable building choices
- Quarterly green building adoption and performance index of the top 30 U.S. metro markets, yielding insights for policy makers, developers and other stakeholders and supporting lenders’ risk management analysis and investors' decision-making
“The overwhelming response to CBRE’s Real Green research Challenge underscored our perception that researchers and academics in sustainable commercial real estate are significantly underserved,” said Dave Pogue, CBRE’s Global Director of Corporate Responsibility. “While funding is an important part of the RGRC, most submissions sought to leverage CBRE’s data and people resources, and our ability to deliver solutions to the market. We anticipate that the RGRC will empower academics to become pioneers, clearing the way for groundbreaking results through a truly collaborative process.”
Please check back periodically for updates on the progress of these projects, and how RGRC recipients are using their academic expertise to help move the industry forward.